Watch the Webinar:
Watch this webinar on demand for a quick overview of the consolidations module in Microsoft Dynamics 365 Finance.
Financial consolidation in Dynamics 365 allow users to aggregate data for financial reporting to support scenarios like multi-company reporting, aggregation, elimination, minority interest, different fiscal calendars across entities, and consolidating multiple currencies.
Users of the consolidations module also get the following benefits:
- Depth of data – You can create consolidated reports that bring together actual and budget data at both the account level and the dimension level.
- Dynamic consolidations – Consolidations can be processed multiple times.
- Audit capabilities – Dimensions and accounts are maintained for analysis and audit, and balances are created by date.
- Currency translation – You can set up the account ranges and rates to translate from the accounting currency of the source company to the accounting currency of the consolidation company.
- Process eliminations in a consolidated or elimination company – You can process and post eliminations as a single process during consolidation. Alternatively, you can run a proposal separately.
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